CCP Exam Dumps : Certified Cost Professional (CCP) Exam

Percent complete is a measure used in project management to quantify the progress of a project. It is defined as the earned work hours or dollars for all accounts divided by the budgeted work hours or dollars for all accounts. This metric provides an indication of how much work has been completed in relation to the total planned work.

Option B: Cost to completerefers to the estimated cost required to finish all remaining project work.

Option C: Earned valueis a key metric in Earned Value Management (EVM) that represents the value of the work actually performed.

Option D: Forecastrefers to predicting future project performance and outcomes based on current data and trends.

Therefore,A. Percent completeis the correct answer as it accurately describes the ratio of earned work hours or dollars to budgeted work hours or dollars.

Quantitative datarefers to data that can be measured and expressed numerically. This type of data is often described using statistical methods, graphs, charts, and numerical summaries. It is distinct from qualitative data, which is descriptive and categorical. Thus, the most accurate description is thatQuantitative data can be described graphically or numerically.

You need to find the relative frequency of unit costs from Atlanta, GA.

Steps:

Identify the number of bids from Atlanta, GA:

8/31/05: 530 units at $55.00/unit

11/19/04: 308 units at $40.00/unit

1/26/05: 45 units at $26.78/unit

Total number of instances: 3